Dollar is under selling pressure against after rather poor retail sales data. US futures also pare back some earlier gains and look vulnerable. Yen is currently following the greenback as the second weakest, while commodity currencies are the strongest, together with Euro. The question now is, whether Dollar’s decline could gather enough momentum for new lows before weekly close.

Technically, focuses will now be on 1.2181 temporary top in EUR/USD and 0.8984 temporary low in USD/CHF. Additionally, Gold’s retreat could have completed after drawing support from 4 hour 55 EMA. Eyes are back on 1845.31 resistance and break will resume larger rebound from 1676.65.
In Europe, at the time of writing, FTSE is up 0.69%. DAX is up 0.64%. CAC is up 0.95%. Germany 10-year yield is down -0.010 at -0.129. Earlier in Asia, Nikkei rose 2.32%. Hong Kong HSI rose 1.11%. China Shanghai SSE rose 1.77%. Singapore Strait Times dropped -2.18%. Japan 10-year JGB yield dropped -0.0108 to 0.085.


Source: www.actionforex.com